Keefe, Bruyette & Woods Upgrades SunTrust Banks (STI) to Outperform
Tweet Send to a FriendGet Alerts STI Hot Sheet
Price: $32.15 -0.46%
Rating Summary:
17 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
17 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade STI Now!
Keefe, Bruyette & Woods upgraded SunTrust Banks (NYSE: STI) to Outperform and raised their price target from $30 to $33.
The firm states, "After a close examination of STI's credit quality, earnings power and potential repayment of TARP, we are upgrading the shares to Outperform and are increasing our PT to $33 from $30. While STI will not likely be a take- out candidate near-term, we believe the substantial franchise value from the company's footprint, market share and business model may positively impact the shares as M&A activity begins to ignite."
For more ratings news on SunTrust Banks click here and for the rating history of SunTrust Banks click here.
Shares of SunTrust Banks closed at $30.24 yesterday, with a 52 week range of $19.30-$32.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm states, "After a close examination of STI's credit quality, earnings power and potential repayment of TARP, we are upgrading the shares to Outperform and are increasing our PT to $33 from $30. While STI will not likely be a take- out candidate near-term, we believe the substantial franchise value from the company's footprint, market share and business model may positively impact the shares as M&A activity begins to ignite."
For more ratings news on SunTrust Banks click here and for the rating history of SunTrust Banks click here.
Shares of SunTrust Banks closed at $30.24 yesterday, with a 52 week range of $19.30-$32.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Cantor Fitzgerald Upgrades Cubist Pharmaceuticals (CBST) to Hold
- Iberia Capital Upgrades James River Coal (JRCC) to Outperform
- Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
Create E-mail Alert Related Categories
Hot Upgrades, Rumors, UpgradesRelated Entities
Keefe, Bruyette & Woods, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
